Vijeta Limited took over assets worth Rs. 10,00,000 and liabilities of Rs. 3,00,000 from Gupta Ltd. for a purchase consideration of Rs. 12,00,000. Vijeta Ltd. has given a bill of Rs. 2,00,000 and agreed to settle the remaining purchase consideration by issuing shares at a premium of 25% on face value of Rs. 100 per share. How much amount will be credited to the securities premium reserve account in this case?

While issuing the share capital for public subscription, the application money should be at least _____ % of the face value of the share.

In case of over subscription, the directors may

(A). Accept some applications in full and reject excessive applications.

(B). They can make pro-rata allotment to all.

(C). They can adopt a combination of the above two alternatives.

(D). They can make preferential allotment to some applicants.

What is the nominal share capital?

What is the nominal share capital?

In case a company issued shares of face value Rs 100 in consideration of a building purchased for Rs 10,80,000, at the following issue prices. Match List-I with List-II.

Choose the correct answer from the options given below:

When shares are forfeited, the amount already received is credited to: